Laserfiche WebLink
holder, with copies to Seller, and in the absence of objections, <br /> within ten (10) days from delivery cf such notice to Seller, the <br /> Closing Agent is authorized to pay the amount of such invoice and <br /> percentage add-on, and shall thereafter remit the balance, if any, <br /> to Seller. Seller shall notify the Closing Agent and Purchaser in <br /> writing when clean up has been completed and in the absence of <br /> objection from Purchaser filed with Closing Agent and delivered to <br /> Seller within ten (10) days, the Closing Agent shall pay said Forty <br /> Thousand Dollars ($40 , 000 .00) , with accrued interest thereon, to <br /> Seller. On or before March 31, 1994 , the parties shall enter into <br /> a written escrow agreement with the Closing Agent as escrow agent <br /> setting forth in detail the terms and conditions of the escrow <br /> agreement as outlined in this paragraph. If such an agreement is <br /> not reached by March 31, 1994 , this contract shall be void, both <br /> parties shall be released from all further obligation hereunder, <br /> and the earnest money, together with accrued interest, shall be <br /> immediately paid to the Purchaser. <br /> 18 . The Closing Agent shall disburse net sales proceeds as <br /> directed in the approving Bankruptcy Court Order, which it is <br /> expected shall direct payments .to be made to Division of Mines and . <br /> Geology, State of Colorado, and Office of Surface Mining. <br /> 19. Seller and Purchaser each represent that no broker or <br /> finder has been engaged in connection with the sale of the subject <br /> property, and . that no person is or will be entitled to any <br /> commission, finder's fee, or other amount as a result of any <br /> relationship with Seller or Purchaser in connection with such sale. <br /> 20. This agreement shall inure to and be binding upon the <br /> parties, their successors and assigns. <br /> 21. It is agreed and understood thet the parties' signatures <br /> on a copy hereof transmitted by facsimile shall be sufficient as if <br /> an original signature. <br /> Dated and signed as of the day and year above written. <br /> MID-CONTINENT RESOURCES, INC. <br /> By: <br /> Uj G President— <br /> Dare' Eubarbc <br /> oofl -re.ex�.m.nc.aen-jc <br /> 6 <br />